Wellington

New Zealand investor confidence in future returns has experienced its biggest drop since the terrorist attacks of September 11, 2001.

Fund manager AMP Henderson is warning investors not to panic and quit equity-dominated funds just because returns in the March year had been the worst for 15 years.

Auckland

Wellington

In this speech to the Savings and Fund Management Conference Finance Minister Michael Cullen, explains the Government's latest thinking on superannuation.

March was another shocker for the managed funds industry in New Zealand with nearly quarter of a billion dollars flowing out of funds.

Ancient laws covering the life insurance industry are to be reviewed, Commerce Minister Lianne Dalziel says.

The Reserve Bank today reduced the Official Cash Rate from 5.75% to 5.50%.

Finance Minister Michael Cullen reckons that the opposition are still cowering naked in the bushes over superannuation as they don't have an alternative to the New Zealand Superannuation Fund.

A year long trend in declining home affordability has halted, according to the latest Home Affordability Report.

AMP is closing down its financial services website Liquid.

Royal & SunAlliance has announced that it will change its name to Vero on September 1 this year.